Google has now invested over $780M in clean energy - International Business Times. Google has emerged as one of the most aggressive clean power investors in 2011, and has now invested over $780 million into clean power projects and technologies, with $700 million of that being invested this year.
The latest funding, announced Wednesday morning, has Google adding another $102 million into a wind farm being built in Southern California’s Mojave Desert. Google has already put $55 million into that 1.5 GW wind farm, dubbed the Alta Wind Energy Center, which is being built by Terra-Gen Power. Google is structuring the deal in the same way as its previous investment in Alta Wind, and is again working with Citibank to create a leveraged lease, where Google and Citibank purchase part of the project, then lease it back to Terra-Gen, who will manage and operate it. Pcast-energy-tech-report. How to Make an American Job Before It's Too Late: Andy Grove. New Report Shows China’s Clean Energy Lead Increasing.